Experience the magic of Macy’s at Herald Square in New York City on December 11, 2023.
Capture the essence of the holiday season amidst a backdrop of uncertainty for retailers.
Various factors such as unpredictable weather, election distractions, and a focus on finding deals will impact consumer spending as they search for the perfect gifts. With fewer days between Thanksgiving and Christmas this year, shoppers are feeling the pressure to make their purchases.
Despite these challenges, there is a sense of optimism among retailers as shoppers are more optimistic and willing to spend compared to last year. According to surveys by Deloitte and the National Retail Federation, holiday spending is expected to increase by 2.5% to 3.5% from last year, reaching up to $989 billion.
2024-10-19 08:00:01
Article from www.cnbc.com